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FHA Half-Eagle Mortgage Brokerage - Very Profitable
| Asking Price: | $125,000 | Inventory: | $500 ++ |
| Gross Revenue: | $150,000 (comments below) | Real Estate: | $450,000 ** |
| Cash Flow: | $110,000 (comments below) | FF&E: | $15,000 ** |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: average $13K per month in fee income and growing | |||
| Cash Flow Comments: very low overhead! | |||
This privately owned FHA mortgage originator has been in business for years, and is a very profitable, clean operation.
Low overhead and growing referral business from non-FHA approved brokers makes this a very attractive acquisition.
Owner also owns a separate real-estate corporation that is not for sale. The owner owns the building/unit that houses both operations, and will consider allowing the buyer to sub-lease an office or two for existing and dedicated staff at a very favorable lease rate (best rate in 40 mile radius!)
The books are clean and seller is very motivated to focus solely on the real estate side of the industry.
The changing mortgage industry virtually demands that you have FHA approval to write mortgage loans or you're effectively out of business. This company will not last.
Please contact Greg Di Cristina at 951-541-0414 for an appointment. Call now!
Low overhead and growing referral business from non-FHA approved brokers makes this a very attractive acquisition.
Owner also owns a separate real-estate corporation that is not for sale. The owner owns the building/unit that houses both operations, and will consider allowing the buyer to sub-lease an office or two for existing and dedicated staff at a very favorable lease rate (best rate in 40 mile radius!)
The books are clean and seller is very motivated to focus solely on the real estate side of the industry.
The changing mortgage industry virtually demands that you have FHA approval to write mortgage loans or you're effectively out of business. This company will not last.
Please contact Greg Di Cristina at 951-541-0414 for an appointment. Call now!
About the Business
Year Established:2004
Employees:2 full time - 1 part time
Relocatable:Yes
Facilities:One or two offices within a larger real estate office condo owned by the seller. Seller will sublet office space to new buyer if buyer does not plan to relocate the business. Currently only one processor uses the space. Most business originates outside the office.
Market Outlook and Competition:Competition in the mortgage space has been decimated in Southern California. Few remaining mortgage brokers are FHA approved, and as a result are poorly situated to compete in the changing marketplace. This half-eagle status FHA approved mortgage corporation is a MUST for anyone or any broker contemplating a strong competitive position in the business.
About the Sale
Reason For Selling:Seller wants to focus on real-estate side of the business, and is also considering a relocation out of state.
Seller Financing:Seller will carry for very well-qualified buyer. Seller will also stay on as broker-of-record for the right deal (if desired).
KEYWORDS: mortgage, loan, loans, bank, real estate, FHA, half eagle, full eagle, eagle
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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